Suzlon Energy Q2: Revenue Up 48% to ₹2,103 Cr, Shares Close at ₹70.99

After market hours on Monday, October 28, Suzlon Energy Ltd. announced its financial results for the September quarter. The wind energy solutions company reported a 48% rise in revenue year-over-year, reaching ₹2,103 crore for the quarter. Additionally, net profit almost doubled from the previous year, amounting to ₹200 crore.

Suzlon Q2 Results Highlights

• Revenue: 48% increase to ₹2,103 crore compared to ₹1,421 crore last year.
• Net Profit: 96% jump to ₹200 crore compared to the previous year.
• EBITDA: Growth of 31.3% to ₹293.7 crore, while margins saw a marginal dip from last year to 13.97%.
• Market Reaction: Shares of Suzlon Energy had ended 5.2% higher on Monday at ₹70.99.

Suzlon Energy Management Commentary

Girish Tanti, Vice Chairman, Suzlon Group, said, “Our core business is now on solid foundation to capitalise on the market momentum. We've fortified our leadership team, stabilised our new product offerings, ramped up our manufacturing capacity, enhanced our project execution capabilities, and built a robust order book. As the renewable energy sector continues to evolve, we're seizing the chance to explore new opportunities that align with our strategic objectives. To help us crystallise the most relevant prospects, we've engaged a leading global management consulting firm to provide expert guidance and insights."

JP Chalasani, Chief Executive Officer, Suzlon Group, said: "We are confident in the long‐term potential of our business with a clear focus on innovation and growth. Our record‐high order book and partnerships with esteemed clients, like Jindal and NTPC, showcase the strength of our strategy and commitment to customer excellence. As India’s renewable energy journey unfolds, Suzlon is positioned to lead this transformation with sustainable, future‐ready solutions. Strengthening industry fundamentals, enhanced operational efficiency, and a revitalised supply chain will empower us to meet increased project execution demands. With growing momentum in the C&I and PSU segments and a dynamic bidding environment, we are poised for sustained growth and success."

Stock Market Reaction

On October 28, Suzlon Energy share prices on BSE closed 5% higher at ₹70.99 apiece.

About Suzlon

Suzlon Energy Ltd (Suzlon) specializes in renewable energy solutions, offering end-to-end services for wind energy projects. Their turnkey solutions encompass everything from project design to full life-cycle asset management. In addition to generating electricity, Suzlon also sells solar systems and manufactures fully-finished castings, forgings, and foundry components. The company’s diverse customer base spans industries such as wind energy, oil & gas, construction, power, mining, transportation, industrial machinery, defense, and aerospace, with operations across Asia, Europe, North America, and other regions.